The mission of State Of Emergency is to provide current event news, comments on the news and information on the declared state of emergency continually in effect since March 9, 1933. The citizens of the USA have been codified as the enemy of the Federal Government. The source for the proof of our status as the enemy of the government is found in Congressional
Records, Senate Reports and the Federal Register (see page links). The emergency must be ended in order to restore Constitutional law.

Saturday, May 7, 2011

Losses Still Growing At Fannie and Freddie

Fannie Mae is looking to the tax payers once again to cover mortgage losses. Housing is still in the doldrums and the nations two largest lenders are continuing to take on water. Obama and Biden have failed to provide any leadership in the area of economic recovery. Raising taxes and tippling deficit spending since the pair of jokers took office is not working. Things are getting worse instead of better.